Exam (elaborations)
TAX2601 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 2 September 2024
- Course
- Institution
- Book
TAX2601 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 2 September 2024
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
TAX2601 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 2 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanation
-
TAX2601 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 2 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
-
TAX2601 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 2 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
1 review
By: delightmametja96 • 3 months ago
By: Novaace1 • 3 months ago
Thank you so much for fantastic five-star review! We're thrilled to hear that you had a great experience with us. Your positive feedback motivates us to keep delivering excellent service. We look forward to serving you again and again soon
Seller
Follow
Novaace1
Reviews received
Content preview
T, AX2601 Assignment 3 (COMPLETE ANSWERS) Semeste
r 2 2024 - DUE 2 September 2024 ; 100% T
RUSTED Complet
QUESTION 1 (12 marks) Easy Elevators (Pty) Ltd’s (“EE”) core
business is the maintenance of elevators in residential and
commercial buildings in the Gauteng region. It has service
agreements with each of its customers and in terms of these, a
monthly maintenance fee of R15 000 is payable on or before
the seventh (7th) day of each month before that month’s
service occurs. EE is a company incorporated in South Africa
and its year of assessment ends on 31 March. One of EE’s
customers paid an amount of R45 000 into EE’s bank account on
7 March 2024. This amount is for the maintenance service fees
in respect of the following three months i.e. March 2024 to May
2024. EE was informed by the customer that the building’s
caretaker decided to pay three months’ fee upfront as he would
be out of the country for an extended period and wanted to
ensure the maintenance of the elevators would continue as
usual during this time. REQUIRED MARKS Discuss whether the
receipt of the R45 000 maintenance service fee would
constitute gross income of Easy Elevators (Pty) Ltd as defined in
the Income Tax Act 58 of 1962 for the year of assessment
ending 31 March 2024. List all the gross income definition
requirements, discuss each one and briefly refer to case law to
strengthen your argument. 12 4 TAX2601/2024/Semester
2/Assessment 3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Novaace1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.82. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52510 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now